Suppose you purchase a March 2017 soybean oil futures contract on this day at the last price of the day. Use Table 23.1 What will your profit or loss be if soybean oil prices turn out to be $.3318 per pound at expiration? (Do not round intermediate calculations. Enter your answer as a positive value and round your answer to 2 decimal places, e.g., 32.16.) Profit This is a numeric cell, so please enter numbers only. Open interest 672 120.434 Feb 1.387 288,888 63,531 18.296 29.516 4.419 -2.50 TABLE 23.1 Sample Wall Street Journal Futures Price Quotations Metal & Petroleum Futures Contract Open High hilo Low Settle Chg Copper-High (CMX)-25,000 lbs; Sper ib. Feb 2.6735 2.6735 2.6715 2.6480 -0.0125 March 2.6660 2.6765 2.6410 2.6535 -0.0130 Gold (CMX)-100 troy oz; $ per troy oz. 1239.40 1243-50 1226.90 1235.10 -2.50 April 1242.70 1246.20 1226.10 1236.80 -2.70 June 1246.10 1249.00 1230.00 1240.00 -2.70 Aug 1250.10 1252.00 1235.10 1243.10 -2.80 Dec 1254.00 1256.90 1239.00 1249.20 -2.70 June'18 1266.00 1266.00 1254.80 1259.00 Palladium (NYM)-50 troy oc; per troy oz. Feb 732.85 732.85 732.85 772.60 2.80 March 770.60 778.80 768.00 772-55 2.80 June 771.00 780.00 770.40 774.00 2.85 Sept 775-30 777.00 775.10 775.00 3.60 Platinum (NYM)-so troy oz; $ per troy oz Feb 978.80 979.10 978.80 1019.20 April 1019.60 1032.10 1016.20 1022.20 2.80 Silver (CMX)-5,000 troy oz.; $ per troy oz Feb 17.750 17.815 17.750 17.720 0.037 March 17-780 17.845 17.615 17.741 0.036 Crude Oil, Light Sweet (NYM)-1,000 bbls; Sper bbl. March 52.37 53.21 52.37 53.00 0.66 April 52.98 53.70 52.95 53-46 0.55 May 53.42 54.10 53-41 53.88 0.51 June 53.90 54-45 53.90 54.25 0.49 1 22,948 6.503 17 2.80 42 59.479 179 113.427 385,634 280,780 192,554 264.679 55-21 0.49 0.37 229,809 111,505 55-32 Dee 54.79 55-35 54.79 Dee'18 55.10 55-50 55.04 NY Harbor ULSD (NYM)-42,000 gal: $ per gal. March 1.6360 1.6624 1.6345 April 1.6443 1.6693 1.6435 Gasoline NY RBOB (NYM)-42,000 gal; S per gal. 1.6415 1.6500 .0055 20059 111,133 72,273 m 0.49 0.37 229,809 111,505 .0055 .0059 111.133 72,273 .0175 0122 112,099 85,512 .015 013 .017 .019 197.215 146,224 137.143 79,485 79.570 93.442 .020 .020 Dec 54.79 55-35 54.79 55.21 Dec'18 55.10 55-50 55.04 55-32 NY Harbor ULSD (NYM)-42,000 gal: S per gal. March 1.6360 1.6624 1.6345 1.6415 April 1.6443 1.6693 1.6435 1.6500 Gasoline-NY RBOB (NYM)-42,000 gal; $ per gal. March 1-5510 1.5811 1.5471 1.5702 April 1.7600 1.7800 1.7575 1.7741 Natural Gas (NYM)-10,000 MMBtu: $ per MMBtu. March 3.143 3.189 3.110 3.141 April 3.212 3.253 3.179 3.209 May 3.269 3-311 3.240 3.272 June 3-339 3-365 3.298 3-330 July 3:385 3-413 3-350 3-380 Oct 3.385 3.423 3.358 3.392 Agriculture Futures Corn (CBT)-5,000 bu; cents per bu. March 369.50 372.75 367.50 369.50 May 377.25 380.25 375.25 377.25 Oats (CBT)-5,000 bu; cents per bu. March 256.00 257.50 250.00 254-50 May 248.25 254.00 246.00 253.00 Soybeans (CBT)-5.000 bu; cents per bu. March 1057.00 1061.50 1045.00 1050.50 May 1067.25 1071.50 1055-50 1061.50 Soybean Meal (CBT)-100 tons; $ per ton. March 340.70 341.60 335.90 338.40 May 344.80 345.80 340.10 342.60 Soybean Oil (CBT)-60,000 lbs; cents per lb. March 34.67 34.98 34.47 34.67 May 34.96 35.26 34.76 34.95 -1.25 -1.25 500,405 346,739 -50 3.00 4.155 3,027 -8.25 248,998 210,368 -7.75 -2.80 126,399 122,484 -2.70 -.02 --03 123.991 118,319 Rough Rice (CBT)-2,000 ewt; Sper cwt. March 953.00 960.50 May 978.50 984.50 Wheat (CBT)-5.000 bu, cents per bu. March 430.50 444.00 942.00 968.00 947.50 972.50 -8.00 -8.50 9.388 2.516 429.50 443-50 11.00 179.982 Mu 110 1- 1 17 947.50 -8.00 9.388 972.50 -8.50 2,516 11.00 443-50 455-25 179,982 137.497 11.75 451.25 475.00 9.25 8.50 71.740 69.377 11.00 24.788 568.50 566.50 9.25 29,537 123.625 124.050 1.325 1.075 19,575 10,511 Rough Rice (CBT)-2,000 cwt; $ per ewt. March 953.00 960.50 942.00 May 978.50 984.50 968.00 Wheat (CBT)-5,000 bu.: cents per bu. March 430.50 444.00 429.50 May 442.00 455-50 440.75 Wheat (KC)-5,000 bu; cents per bu. March 440.25 451-75 438.25 July 465-25 475-25 462.75 Wheat (MPLS)-5,000 bu; cents per bu. March 557-50 569.30 556.00 May 556.75 567.00 555-50 Cattle-Feeder (CME)-50,000 lbs.; cents per lb. March 122.525 123.800 121.900 April 123.250 124.200 122.450 Cattle-Live (CME)-40,000 lbs: cents per lb. Feb 117.250 119.750 116.775 April 115.000 115.175 114.125 Hogs-Lean (CME)-40,000 lbs, cents per lb. Feb 73.900 74.500 73-550 April 72.125 72.250 70.625 Lumber (CME)-110.000 bd. ft., $ per 1,000 bd. ft. March 381.70 381.70 373.80 May 379.60 381.70 375.90 Milk (CME)-200,000 lbs.; cents per lb. Feb 16.89 16.79 March 16.91 17.03 16.73 Cocoa (ICE-US)-10 metric tons: $ per ton. March 2,018 1,969 May 2,008 2,038 Coffee (ICE-US)-37.500 lbs; cents per lb. 117.650 114.825 .875 .075 17.410 144.593 74.225 70.775 .875 --950 14,671 104,603 2,698 375-40 378.40 3-50 2.60 1,541 16.87 4.180 16.85 16.97 .03 4.392 1,993 -19 1,974 1,996 35,455 105,293 1.988 -15 2.30 145.20 147.60 43.558 73.254 2.30 March 143.40 145.70 142.85 May 145.95 148.05 145.25 Sugar-World (ICE-US)-112,000 lbs; cents per lb. March 20.74 21.03 20.62 May 20.72 20.97 20.61 -11 20.65 20.65 220,619 224.526 -.08 May 946 1,768 1.00 March 143.40 145.70 142.85 145.20 2.30 43.558 May 145.95 148.05 145.25 147.60 2.30 73,254 Sugar-World (ICE-US)-112,000 lbs; cents per lb. March 20.74 21.03 20.62 20.65 -.11 220,619 May 20.72 20.97 20.61 20.65 -.08 224,526 Sugar-Domestic (ICE-US)-112,000 lbs; cents per lb. 30.40 30.40 30.40 30.32 .07 July 30.40 30.40 30-39 30.40 Cotton (ICE-US)-50,000 lbs, cents per Ib. March 75-43 76.13 75-25 75-58 33 104.332 May 76.40 77.30 76.40 76.65 .22 97.772 Orange Juice (ICE-US)-15,000 lbs; cents per lb. March 172.65 175.00 171.55 174.00 7.438 May 167.80 169.75 166.80 168.75 .60 3.434 Interest Rate Futures Treasury Bonds (CBT)-$100,000; pts 32nds of 100% March 153-160 153-170 151-310 152-060-1-030 622,929 June 152-060 152-060 150-240 150-300 -1-030 2,310 Treasury Notes (CBT)-$100,000; pts 32nds of 100% March 125-155 125-155 124-270 124-295 -14.0 3.169.794 June 124-265 24-270 124-105 124-120 -14-5 68,648 5 Yr. Treasury Notes (CBT)-$100,000; pts 32nds of 100% March 118-132 118-132 118-012118-025 -8.5 3,119.541 June 118-015118-015 117-230 117-235 -9.0 137,090 2 Yr. Treasury Notes (CBT)-$200,000; pts 32nds of 100% March 108-170 108-172 108-142 108-147 -2.0 1,349,070 June 108-060 108-060 108-060108-055 -2.5 8,979 30 Day Federal Funds (CBT)-$5,000,000; 100-daily avg. Feb 99-343 99.345 99-343 99.342 -001 100,104 April 99-315 99.320 99-305 99-310 --005 373,852 10 Yr. Del. Int. Rate Swaps (CBT)-S100,000: pts 32nds of 100% March 94.703 94.766 94-359 94.438 --438 31.717 1 Month Libor (CME)-$3,000,000; pts of 100% Feb 99.2275 Eurodollar (CME)-$1,000,000; pts of 100% 4.896 20010 134 136 126,519 893 68,270 14.10 14.20 1,259 14.00 2,882,114 14.00 36,548 Index Futures Mini DJ Industrial Average (CBT)-$5 x index March 20158 19982 20136 June 19921 20093 19921 20073 S&P 500 Index (CME)-$250 x index March 2290.70 2307.50 2288.30 2304-30 June 2295-50 2302.90 2295-50 2299.10 Mini S&P 500 (CME)-$50 x index March 2290.50 2307.75 2287.75 2304-25 June 2285.00 2302.75 2282.50 2299.00 Mini S&P Midcap 400 (CME)-$100 x index March 1694-30 1712.80 1691.70 1709.70 Mini Nasdaq 100 (CME)-$20 x index March 5189.8 5219.3 5186-3 5212.3 June 51933 5217.8 5186.0 5211.3 Mini Russell 2000 (ICE-US)-$100 x index March 1356.50 1380.10 1354.60 1377.00 June 1357.30 1375.70 1357-30 1374-30 Mini Russell 1000 (ICE-US)-$100 x index March 1275.10 1282.10 A 1274.60 1280.60 U.S. Dollar Index (ICE-US)-$1,000 x index March 100.24 100.67 100.08 100.65 June 100.22 100.58 100.05 100.56 16.30 94.526 21.0 21.0 233,819 621 613,166 21.00 21.00 540 8.50 7,872 69,426 38 36 2.792 Sources: Six Financial Information; The Wall Street Journal, February 10, 2017